$1,600,000
Active

W 11 Mile Road

Madison Heights, MI 48071
1.07 acres | #R20221052276
Browse 7 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Over an acre of premium commercial property right off I-75 on the border of Royal Oak and Madison heights. This property is perfect for new development or can generate revenue in its current use. Currently existing are 3 buildings on the property that include a successful steak house, commercial storefront with 4 units (leased and income generating), and a residential home. Current income from the property includes the steakhouse and leasing of the 4 storefronts and the rent from the residential home. Also included are two extra vacant lots that are currently used as additional parking. The steak house is also for sale as a stand alone business and is currently very profitable. Do Not, Do Not, Do Not disturb current business owners or their businesses. Please contact the listing agent for access to the property. A confidentiality agreement is required to view any business revenue numbers.

  • Property Details
      • SubdivisionSTEPHENSON SUPER-HIGHWAY SUB NO 3-MADISO
      • MLS #R20221052276
      • MLS #R20221052276
      • Original List Price$1,600,000
      • Property SubtypeCommercial
      • CountyOakland
      • Cost1600000
      • Acres1.07
      • Year Built1952
      • FoundationSlab
      • Days on Market (Cumulative)181
      • Days On Market181
      • Buying Agency Compensation3%
      • Garage Spaces0

Location

Legal

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Last Updated: . Source: AAABOR

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

Company

Services

Explore

Account

    © 2025 Workhorse Realty LLC. All rights reserved.
    Website built by CloseHack.

    © MichRIC. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    ​All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.